says as he recounts the story of how, in 2008, he began buying shares in a failing mall operator, General Growth PropertiesInc., for 34 cents a share. Pushing it into Chapter 11 bankruptcy, Ackman restructured the company. He moved a group

of its portfolio in recent years to Scottsdale, Arizona-based real estate investment trust American Residential PropertiesInc., but the REIT isn't buying as many homes from MACK as it did last year, said John Gutman, MACK's vice president

the building in terms of expanding,” said Michael Newman, president and CEO of Golub.An affiliate of Hayes PropertiesInc., a North Side landlord, has paid $2.35 million for an 11-unit apartment building in Lincoln Park, Cook County

for stores and office buildings. Blackstone Group LP is close to a deal to sell industrial real estate owner IndCor PropertiesInc. to investors led by Singapore’s GIC Pte for more than $8 billion, Bloomberg News reported Nov. 4, citing

for higher-end tenants. Mr. Busch points to Ala Moana mall in Honolulu, where Chicago-based General Growth PropertiesInc. is redeveloping a former Sears store, as a model for the strategy. Redevelopment likely would be an option only for

property records. The transaction highlights how real estate investment trusts (REITs) like Macerich, General Growth PropertiesInc. and others are winnowing their portfolios down to their strongest assets, hoping to appease investors with focused

million in funding last year and already provides same-day delivery for stores in major malls owned by General Growth PropertiesInc., Macerich, Westfield Corp. and others. Working with third-party, crowd-sourced services allows traditional